How can I set a stop-loss order on a long position on BitMEX?

3 answers

• Muhammad Junaid AnwarMay 21, 2023 · 2 years ago
  Sure, setting a stop-loss order on a long position on BitMEX is quite simple. First, log in to your BitMEX account and navigate to the trading page. Find the 'Stop Market' order type and select it. Then, choose the 'Buy' option and enter the quantity of the cryptocurrency you want to buy. Next, set the stop price, which is the price at which your stop-loss order will be triggered. Finally, set the order quantity and click on the 'Place Order' button. Your stop-loss order will be placed and executed if the price reaches your specified stop price.
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• Bundgaard NicolaisenSep 22, 2024 · 9 months ago
  To set a stop-loss order on a long position on BitMEX, follow these steps: 1. Log in to your BitMEX account. 2. Go to the trading page and select the 'Stop Market' order type. 3. Choose the 'Buy' option and enter the quantity of the cryptocurrency you want to buy. 4. Set the stop price, which is the price at which your stop-loss order will be triggered. 5. Enter the order quantity and click on the 'Place Order' button. That's it! Your stop-loss order will be placed and executed if the price reaches your specified stop price.
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• AdityaYsfOct 23, 2023 · 2 years ago
  Setting a stop-loss order on a long position on BitMEX is a crucial risk management strategy. To do this, you can follow these steps: 1. Log in to your BitMEX account. 2. Navigate to the trading page and select the 'Stop Market' order type. 3. Choose the 'Buy' option and enter the quantity of the cryptocurrency you want to buy. 4. Set the stop price, which is the price at which your stop-loss order will be triggered. 5. Enter the order quantity and click on the 'Place Order' button. Remember to regularly monitor your positions and adjust your stop-loss orders accordingly to protect your investment.
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